Centuria 348 Edward Street Fund targets 6.25% pa distributions from prime CBD office asset

Core Property has reviewed the "Centuria 348 Edward Street Fund", the latest offering from Centuria.

The Fund is a 5 year unlisted property fund providing an opportunity to invest in a prime CBD office asset located at 348 Edward Street, Brisbane QLD.

Constructed in 1986, the Property has recently undergone refurbishments and is 88% occupied, which increases to 100% when including an 18 month rental guarantee by the vendor.

The Fund is forecasting initial distributions of 6.25% p.a. (annualised) in FY20, increasing to 6.5% in FY21.

Core Property has rated the Fund as RECOMMENDED.